East-west rates diverge as transpac spots hold while Asia-Europe keeps falling
Container spot freight rates on the main east-west trades diverged this week after a series ...
ID 30752621 © Ricardokuhl | Dreamstime.com
By Mike Wackett
Notwithstanding a significant decline in container liftings as a consequence of the global pandemic, ocean carriers have confounded the dire predictions of analysts with their more optimistic outlook for earnings.
Sea-Intelligence, which only a few weeks ago predicted a worst-case annual loss for the liner industry of $23bn, said that, based on its remodelling, the carriers could potentially achieve a profit for the year “in excess of $9bn”.
The consultant said there were now two scenarios, depending on the continued discipline of ...
Comment on this article
Gary Ferrulli
June 22, 2020 at 3:03 pmSomeone who has a clue on what the business really is and what is really going on. Not someone trying to use hyperbole to get their names in periodicals.
Gary Ferrulli
June 22, 2020 at 3:42 pmA good article with relevant information, not someone wanting their name in print through hyperbole.